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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Feb. 02, 2025
Share-Based Payment Arrangement [Abstract] |
Table Of Weighted Average Black Scholes Fair Value Assumptions [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of stock options granted during 2024, 2023 and 2022 and the resulting weighted average grant date fair value per stock option:
| 2024 |  | 2023 |  | 2022
Weighted average risk-free interest rate | 4.33 | % |  | 3.33 | % |  | 2.50 | %
Weighted average expected stock option term (in years) | 6.25 |  | 6.25 |  | 6.25
Weighted average Company volatility | 53.32 | % |  | 50.60 | % |  | 47.34 | %
Expected annual dividends per share | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |
Weighted average grant date fair value per stock option | $ | 60.96 |  |  | $ | 43.47 |  |  | $ | 34.27 |
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected stock option term. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. Expected dividends are based on the anticipated common stock cash dividend rate for the Company at the time of grant. The Company has continued to utilize the simplified method to estimate the expected term for its “plain vanilla” stock options granted due to a lack of relevant historical data resulting, in part, from changes in the pool of employees receiving stock option grants. The Company will continue to evaluate the appropriateness of utilizing such method.
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Stock option activity for the year was as follows:
(In thousands, except per stock option data) | Stock Options |  | Weighted Average Exercise Price Per Stock Option |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Outstanding at February 4, 2024 | 513 |  |  | $ | 94.05 |  |  | 5.9 |  | $ | 15,996 |
Granted | 58 |  |  | 109.75 |  |  |  |  |
Exercised | 60 |  |  | 121.28 |  |  |  |  |
Forfeited / Expired | 7 |  |  | 115.13 |  |  |  |  |
Outstanding at February 2, 2025 | 504 |  |  | $ | 92.31 |  |  | 6.2 |  | $ | 5,158 |
Exercisable at February 2, 2025 | 324 |  |  | $ | 93.58 |  |  | 5.1 |  | $ | 3,898 |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSU activity for the year was as follows:
(In thousands, except per RSU data) | RSUs |  | Weighted Average Grant Date Fair Value Per RSU
Non-vested at February 4, 2024 | 1,175 |  |  | $ | 80.79 |
Granted | 522 |  |  | 108.97 |
Vested | 441 |  |  | 80.31 |
Forfeited | 187 |  |  | 88.09 |
Non-vested at February 2, 2025 | 1,069 |  |  | $ | 93.45 |
Table of Weighted Average Monte Carlo Fair Value Assumptions Performance Awards [Table Text Block] | The following summarizes the assumptions used to estimate the fair value of PSUs subject to market conditions that were granted during 2024, 2023 and 2022 and the resulting weighted average grant date fair value:
|  | 2024 |  | 2023 |  | 2022
Weighted average risk-free interest rate |  | 4.71 | % |  | 3.56 | % |  | 2.91 | %
Weighted average Company volatility |  | 48.28 | % |  | 58.21 | % |  | 64.02 | %
Expected annual dividends per share |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |
Weighted average grant date fair value per PSU |  | $ | 138.12 |  |  | $ | 120.42 |  |  | $ | 103.36 |
The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for the term corresponding to the three-year performance period. Company volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the three-year performance period. Expected dividends are based on the anticipated common stock cash dividend rate for the Company at the time of grant. For certain of the awards granted, the after-tax portion of the award is subject to a holding period of one year after the vesting date. For these awards, the grant date fair value was discounted 4.40%, 7.40% and 6.90% in 2024, 2023 and 2022, respectively, for the restriction of liquidity, which was calculated using the Finnerty model.
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Total PSU activity for the year was as follows:
(In thousands, except per PSU data) | PSUs |  | Weighted Average Grant Date Fair Value Per PSU
Non-vested at February 4, 2024 | 236 |  |  | $ | 102.29 |
Granted | 127 |  |  | 122.76 |
Reduction due to market conditions achieved below target | 1 |  |  | 157.70 |
Reduction due to performance conditions not achieved | 33 |  |  | 70.64 |
Vested | 55 |  |  | 124.12 |
Forfeited | 8 |  |  | 121.28 |
Non-vested at February 2, 2025 | 266 |  |  | $ | 110.64 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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